Australia’s interest rate along with today’s economic reports from Japan are the most influential factors for AUDJPY.
The support rests at 77.770 with resistance at 78.400 which both lines are below the weekly pivot point at 78.980. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 76.5.